Assessee cannot offer Interest Income on cash basis when he is following accrual basis

DCIT Vs M/s Delhi Tourism Transportation Corporation Ltd. (ITAT Delhi)

The addition was made by the AO on the ground that although the assessee had claimed credit for Tax Deducted at Source (“TDS”, for short) on the interest income from the bank, corresponding interest income was not offered to tax by the assessee during the year. The Ld. CIT(A) confirmed this addition on the ground that the

Please become a Premium member. If you are already a Premium member, login here to access the full content.